£265,860
This estimated value is based upon the latest sale price for the house of £251,000 on 25 Jun 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £251,000 | 25 Jun 2021 |
| £154,600 | 29 Jan 2007 |
| £138,500 | 5 Sep 2003 |
| £92,000 | 8 Feb 2002 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 sq feet |
This model uses changes in the Official Land Registry House Price Index for LINCOLNSHIRE to estimate the market value.
When this house was purchased in June 2021 the House Price Index for LINCOLNSHIRE was 138.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.921%.Applying this 5.921% change to the original purchase price of £251,000 results in an estimated price of approximately £265,860.
| 25 Jun 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 146.7 | 5.921 % | £251,000 | £14,860 | £265,860 |
The Postcode Pricing Model uses changes in average sales price within the LN6 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -16.082 % | £-40,367 | £210,632 |
| 3 Month Average | -8.806 % | £-22,103 | £228,896 |
| 6 Month Average | -11.316 % | £-28,403 | £222,596 |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 10 Feb 2015.
The average size of a house on MELBOURNE ROAD is 76 sq meters (826 sq feet).
This house is the largest in the street with a floor area of 104 sq meters (1,119 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Melbourne Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Melbourne Road |
| Mar 2024 | Other crime | Under investigation | On or near Ridgewell Close |
| Dec 2023 | Other theft | Under investigation | On or near Ridgewell Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near St Claires Court |